Gold

XAUUSD Outlook
Trend: Bullish, key support at $2,959, resistance at $3,031.
Upside:

1. Break above $3,031 targets $3,050, then higher levels.

Downside:

1. Support at $2,959 and $2,885. Break below $2,885 may trigger further decline.

Strategy:
Buy on dips near $2,959 - $2,885, stops below $2,885.
Buy on breakout above $3,031.
Key Levels:
R1: $3,031, R2: $3,050
S1: $2,959, S2: $2,885, S3: $2,850

My view for Gold, The price has surged above the 3,010-3,020 range, and with the RSI reaching 74.17, it's approaching overbought territory. This suggests that a retracement could be imminent in the short term, especially if the price fails to break through the 3,020 resistance level.

If the price manages to hold above 3,010, the bullish trend may continue, with a possible move toward 3,030 or even 3,040, but caution is necessary as the overbought condition could trigger a pullback. Any retracement below 3,010 could target the 2,980-2,970 zone as initial support.

I’ll be monitoring the 4-hour chart closely, looking for signs of exhaustion or if the RSI starts to fall below 70, indicating a potential reversal.
On the downside, the 2,950-2,960 area remains an important support zone. If the price tests and holds this level, the bulls could gain strength again for a further rally. If 2,950 is broken, then a deeper pullback could be seen toward 2,920-2,900.

For long-term analysis, Gold remains bullish above 2,900-2,920, but the key will be whether it can sustain its momentum or face resistance in the coming days.

this made me laugh !!

cent account

Norin Chukin and US debt refinancing in 2025

Good morning from Africa !!

keep laughing and i will bank the pips

Even COT GC
There is no interest building shorts.
REd candles are only Longs covering.

Hi, what made you think that gold will retrace???
Because so far Gold price retracement/pullback or any overbought indicators is right to the trash can!
Only fundamental prevails.
So i want to hear your view that made you believe gold must retrace???

this is my zone for today, its ok, had a pretty good trade yesterday and wont risk too much on this one.

Plots in M15 to M45

These banks already gave their forecast EOY 2024.
Now they are also revising their forecast Upward


Some of them are seeing as much as $5k by 2027.

Actually most of us are banking on it .. making millions and millions and billions and billions ..

reaching an all-time high of $3,018

is that selling entry my man?!

Gold to 10000 soon. Physical holders of Gold are in paradise

i am long to 3033-3035

excess greed kills

no, focus on the grey marked area, its a long zone